The stock of Meta Financial Group Inc. (NASDAQ:CASH) hit a new 52-week high and has $87.44 target or 26.00% above today’s $69.40 share price. The 7 months bullish chart indicates low risk for the $594.16 million company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $87.44 price target is reached, the company will be worth $154.48 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 11,115 shares traded hands. Meta Financial Group Inc. (NASDAQ:CASH) has risen 57.16% since March 16, 2016 and is uptrending. It has outperformed by 51.61% the S&P500.
Analysts await Meta Financial Group Inc. (NASDAQ:CASH) to report earnings on November, 4. They expect $0.73 EPS, down 6.41% or $0.05 from last year’s $0.78 per share. CASH’s profit will be $6.25M for 23.77 P/E if the $0.73 EPS becomes a reality. After $1.04 actual EPS reported by Meta Financial Group Inc. for the previous quarter, Wall Street now forecasts -29.81% negative EPS growth.
Meta Financial Group Inc. (NASDAQ:CASH) Ratings Coverage
Out of 2 analysts covering Meta Financial Group (NASDAQ:CASH), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Meta Financial Group has been the topic of 3 analyst reports since October 13, 2015 according to StockzIntelligence Inc. The stock of Meta Financial Group Inc. (NASDAQ:CASH) has “Outperform” rating given on Monday, August 15 by Wood. The stock has “Outperform” rating given by Wood on Thursday, April 7. The stock has “Buy” rating given by Sandler O’Neill on Tuesday, October 13.
According to Zacks Investment Research, “Meta Financial Group, Inc. is the holding company for federally chartered savings bank MetaBank, Member FDIC. Headquartered in Sioux Falls, S.D., MetaBank operates in both the Banking and Payments industries: MetaBank, its retail banking division; Meta Payment Systems, its electronic payments division; AFS/IBEX, its insurance premium finance division; and Refund Advantage, its tax refund-transfer software division. The synergies among the four provide a unique business model for the company.”
Insitutional Activity: The institutional sentiment increased to 2.96 in 2016 Q2. Its up 1.93, from 1.03 in 2016Q1. The ratio is positive, as 3 funds sold all Meta Financial Group Inc. shares owned while 20 reduced positions. 27 funds bought stakes while 41 increased positions. They now own 5.74 million shares or 9.81% more from 5.22 million shares in 2016Q1.
Century Companies Incorporated has invested 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Metropolitan Life Insur Company Ny holds 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 6,264 shares. Coe Mngmt Ltd Liability Co holds 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 14,317 shares. Moreover, Credit Suisse Ag has 0% invested in Meta Financial Group Inc. (NASDAQ:CASH) for 9,925 shares. Pacific Ridge Cap Prtnrs Llc last reported 1.18% of its portfolio in the stock. Prudential Fin holds 0% or 5,715 shares in its portfolio. Northern reported 105,480 shares or 0% of all its holdings. Stifel Finance has 6,432 shares for 0% of their US portfolio. Friess Associate Limited Com holds 0.07% or 13,300 shares in its portfolio. Strs Ohio accumulated 0% or 13,100 shares. Creative Planning holds 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 200 shares. Patriot Fin Partners Ltd Partnership holds 4.17% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 307,069 shares. Cornerstone Cap Management Holdings Ltd Com last reported 0.02% of its portfolio in the stock. Second Curve Capital Ltd Llc holds 9.49% or 240,810 shares in its portfolio. Millennium Mgmt Limited Liability Corp accumulated 0% or 26,101 shares.
Insider Transactions: Since May 4, 2016, the stock had 0 buys, and 2 sales for $370,322 net activity. Moore Troy III sold 5,000 shares worth $249,340. Frericks Ira Duane had sold 2,469 shares worth $120,982.
More recent Meta Financial Group Inc. (NASDAQ:CASH) news were published by: Marketwatch.com which released: “Meta Financial Group Inc.” on October 21, 2010. Also Globenewswire.com published the news titled: “Meta Financial Group, Inc.® Announces Pricing of $75 Million Subordinated Notes” on August 11, 2016. Globenewswire.com‘s news article titled: “Meta Financial Group, Inc.® Announces Completion of $75 Million Subordinated …” with publication date: August 15, 2016 was also an interesting one.
CASH Company Profile
Meta Financial Group, Inc., incorporated on June 14, 1993, is a unitary savings and loan holding company. The Firm operates through its banking subsidiary, MetaBank (the Bank). MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments firm providing services on a nationwide basis. The Company’s divisions include Retail Banking and Meta Payment Systems (MPS). The Retail Banking segment includes AFS/IBEX Financial Services Inc. (AFS/IBEX). It operates as a traditional community bank providing deposit, loan and other related products to individuals and small businesses, primarily in the communities where its offices are located. MPS provides a range of services and products to financial institutions and other businesses, including issuance of prepaid debit cards, sponsorship of automated teller machines (ATM) into the debit networks, credit programs, automated clearing house (ACH) origination services, gift card programs, rebate programs, travel programs and tax-related programs and services. The Bank operates approximately 10 full-service branch banking offices in four market areas in Iowa and South Dakota: Northwest Iowa, Brookings, Central Iowa and Sioux Empire, one non-retail service branch in Memphis, Tennessee, and three non-branch offices located in Texas, California and Kentucky related to the Bank’s AFS/IBEX and Refund Advantage operations.
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